As The Market Tumbles, Energy, Tech, And Financials Get Whacked

The US equity market is falling hard this morning. The Dow is currently down 57 points to 10,722. The NASDAQ is down nearly 1% to 2369 and the S&P 500 is down 8 points to 1157. Not a good start for the Bulls.

Energy stocks are taking the largest beating in the S&P 500:

Cabot Oil & Gas Corp (COG): $37.44 / -5.26%

Southwestern Energy Co (SWN): $38.70 / -5.10%

Nabors Industries Ltd (NBR): $19.65 / -4.75%

Tesoro Corp (TSO): $13.49 / -4.66%

And financials? They’re not doing well either:

SLM Corp (SLM): $11.60 / -5.45%

Huntington Bancshares Inc (HBAN): $5.30 / -3.64%

Zions Bancorp (ZION): $22.08 / -2.86%

Marshall & Ilsley Corp (MI): $7.69 / -2.78%

Same goes for technology stocks:

Palm Inc (PALM): $4.60 / -18.58%

Teradyne Inc (TER): $10.41 / -3.65%

Motorola Inc (MOT): $7.13 / -3.06%

SanDisk Corp (SNDK): $32.06 / -3.00%

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.